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Views: 140 DOM: 194 Updated: 10.30.24 Posted: 06.10.24 Status: Active

Summary

Price $3,249,071
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,774
Lease Start 05-27-2024
#Units 19,986
Price/SF $254.35
Expiration 05-31-2039
Tenant Type Dollar/Discount
NOI $206,316
R. Term 14.5
Ownership Fee Simple
Rent/SF $16.15
Increases 5.0%/5/yrs
Pop 5Mi 117,263
Lot/AC 2.10
Options 5/5yrs/5%
AHHI 5Mi $67,627

Lease Highlights

  • Brand new 2024 construction
  • Brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located near the signalized, hard corner intersection of County Road 33A and Skyview Drive, with access to a combined daily traffic count of 24,400 vehicles. The property is conveniently situated adjacent to Crystal Lake, and 1.5 miles of Southeastern University. The immediate area is surrounded by well-known national retailers including 7-Eleven, Dollar...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 11,109 48,629 127,729
2024 Total Population : 10,716 46,576 120,478
2024 Employed Civilian Pop : 4,131 18,627 49,958
2024 Total Businesses : 367 1,903 5,613
2024 Average Household Income : $ 54,035 $ 71,051 $ 79,954
2024 Total Consumer Spending : $ 171 M $ 1057 M $ 3333 M
2024 Median Age : 32 34 40
2024 Total Households : 3,522 16,673 47,015
2024 Pop Age 25+: Bachelor's Degree : 530 4,391 14,487
2024 Average Home Value : $ 254,625 $ 274,064 $ 294,541
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Combee Rd Skyview Dr 2003 14,600 0.15 mi
Skyview Drive Marler Ave 2022 8,200 0.35 mi
North Crystal Lake Drive Mount Airy Ave 2022 5,500 0.37 mi
S Combee Rd Waynesville Ave 2005 20,500 0.37 mi
Hester Drive Olney Rd 2022 850 0.44 mi
South Combee Road Civitan Ave 2022 16,200 0.55 mi
South Crystal Lake Drive Lowry Ave 2022 5,600 0.69 mi
South Combee Road Coral Way 2022 18,500 0.73 mi
Reynolds Road Ned Engle Blvd 2022 7,400 0.89 mi
Bartow Road Commerce Point D 2022 38,500 0.94 mi

Listing Broker

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